Economy, asked by trisha109, 1 year ago

explain virtuous cycle with help of example


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Answers

Answered by nikolatesla2
9
The terms virtuous circle and vicious circle (also referred to as virtuous cycle and vicious cycle) refer to complex chains of events that reinforce themselves through a feedback loop.[1] A virtuous circle has favorable results, while a vicious circle has detrimental results.

Both circles are complex chains of events with no tendency toward equilibrium (social, economic, ecological, etc.) - at least in the short run. Both systems of events have feedback loops in which each iteration of the cycle reinforces the previous one (positive feedback). These cycles will continue in the direction of their momentum until an external factor intervenes and breaks the cycle.

A well-known example of a vicious circle in economics is hyperinflation.

Answered by Anonymous
12
A virtuous circle is a loop of actions or events whereby results allow the loop to be repeated with ever increasing results. It is associated with self-reinforcing practices and processes that gain strength from their outputs.

for. example. Customer Service, innovations, Quality, urban design term.etc

virtuous cycle

Job - Earning - Expenses < Income - Savings - No Loans- Time for Health, Family and Happiness - Happy at Work place - Job (Performance High)- Earnings High....

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